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ra1l [238]
2 years ago
11

Delaney Inc. has several transactions with foreign entities. Each transaction is denominated in the local currency unit of the c

ountry in which the foreign entity is located. For each of the following independent cases, determine the December 31, 20X2, year-end balance in the appropriate accounts for the case.
Case 1: On November 12, 20X2, Delaney purchased goods from a foreign company at a price of LCU 40,000 when the direct exchange rate was 1 LCU = $0.45. The account has not been settled as of December 31, 20X2, when the exchange rate has decreased to 1 LCU = $0.40.

Case 2: On November 28, 20X2, Delaney sold goods to a foreign entity at a price of LCU 20,000 when the direct exchange rate was 1 LCU = $1.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $1.90.

Case 3: On December 2, 20X2, Delaney purchased goods from a foreign company at a price of LCU 30,000 when the direct exchange rate was 1 LCU = $0.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $0.90.

Case 4: On December 12, 20X2, Delaney sold goods to a foreign entity at a price of LCU 2,500,000 was 1 LCU = $0.003. The account has not been settled as of December 31, 20x2, when the exchange rate has decreased to 1 LCU = $0.0025.

Required:
Prepare the December 31, 20X2, year-end balances on Delaney's records.
Business
1 answer:
lina2011 [118]2 years ago
5 0

Answer:

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Explanation:

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Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
soldier1979 [14.2K]

Answer:

The Capacity utilization rate is 73.94 units per hour for the month.

Explanation:

Provided data,

Output rate = 160 units per hour

In the month of July,

Total production hour = 295 hours.

Total units = 34900 units.

Ideal output units in the month of July = output rate × total production hour

= 160 × 295

= 47200 units.

Capacity utilization rate of production shop is given by,

Utilization rate = (output unit in July ÷ idea output) × 100

= (34900 ÷ 47200) × 100

= 0.7394 × 100

= 73.94 units per hour

So, the Capacity utilization rate is 73.94 units per hour for the month.

7 0
3 years ago
An employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day. True or false?.
padilas [110]

It is true that an employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.

A time ticket is used to track the hours for which an employee will be paid in the upcoming payroll. Employees' time tickets are reviewed and approved by a supervisor at the closing of each pay period. After which the payroll team use them to calculate the hours worked by an employee. This serves as a basis for calculating gross pay.

When an employee clocks in or out, they generally put a time ticket into a time clock that are printed in an oblong, thick paper shape. Usually time tickets are physical cards that are stamped with beginning and ending times of employees work days. The payroll accountant or bookkeeper creates time tickets after the pay month has ended.

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7 0
1 year ago
What are the 2 main sources of data
podryga [215]

Answer:

internal and external source

Explanation:

6 0
3 years ago
Read 2 more answers
Wyatt is paying back a loan with a nominal interest rate of 13. 62%. If the interest is compounded quarterly, how much greater i
lbvjy [14]

Wyatt's<u> effective interest rate</u> would be greater than his <u>nominal interest rate </u>by 0. 71 percentage points.

The <em>nominal interest rate</em> is 13. 62% or 0.1362 that would be given an <em>effective rate of interest </em>as follows:

R=(1+\frac{i}{m})^{m}  -1\\=(1+\frac{0.1362}{4})^{4}  -1\\=0.1433

Here, the value of the effective rate of interest<u>,</u> that is 0.1433 that would be multiplied with 100 to get the <u>percentage value</u> of 14.33%

Hence, the <u>difference between effective and nominal interest rates</u> would be:

14.33-13.62\\=0.71

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6 0
2 years ago
uppose a Starbucks tall latte cost $4.00 in the United States, 5.00 euros in the euro area and $2.50 Australian dollars in Austr
max2010maxim [7]

Answer: Nether Australia or Europe

Explanation:

Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.

If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.

$4.00 in Euro is:                                                  $4.00 in Australian dollars is:

= 4 * 0.8                                                                 = 4 * 1.4

= €3.20                                                                 = $5.60

Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.

4 0
3 years ago
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